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Paul Newman's Rolex auctioned for $17.8 million

28 October 2017

The two actors, who were married for 50 years before Newman's 2008 death, starred together in the 1969 racing movie "Winning" that inspired Newman's real-life racing career.

Everyone knew it it was a watch that would break records. He gifted it to James Cox, the then boyfriend of Newman's daughter Nell.

This took place at Phillips" inaugural NY auction, "Winning Icons - Legendary Watches of the 20th Century' in association with auction house Bacs and Russo.

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"The previous record for a Rolex sold at auction was $5-million for a Rolex Ref. 6062, nicknamed the Bao Dai because it was owned by the last emperor of Vietnam", reported Forbes.

The actor and racing legend got it from his wife in 1968, with the caseback engraved with the words "Drive Carefully Me".

In many ways, the late Paul Newman was the epitome of cool.

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The auction, "Winning Icons - Legendary Watches of the 20th Century" saw heated bidding between to unknown people, according to the auction house.

A watch owned by Paul Newman is now the most expensive wristwatch in the world, after selling at a Big Apple auction Thursday night for an astonishing $17.8 million. After the movie, he made a decision to take up the sport of motor racing himself, leading to his wife presenting the Rolex Daytona to him, with the words "DRIVE CAREFULLY ME" engraved on the back. "If you wind it, it tells pretty good time, '" Cox told the Wall Street Journal.

She wrote: "Pop asked James if he knew the time". Years later, when Cox (who is still friends with Nell) realized how valuable the watch could be, he chose to sell it and give what the Journal calls "a significant portion of the proceeds" to the charitable foundation Nell started after her father's death.

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What do you think of the sweet story behind his infamous timepiece?

Paul Newman's Rolex auctioned for $17.8 million